Travel insurance 'vital' for trips in Britain

The provider explained how holiday insurance for trips in the UK will cover travellers for a number of transportation issues, lost or stolen baggage and in the event that they need to cancel their trip early.

Its research indicated that one in four adults will take their main holiday in the UK this year, with respondents claiming that doing so will typically save them £247 per person.

Although only 16 per cent of those planning to holiday in Britain admitted they cannot afford to go abroad, 40 per cent suggested that financial concerns had informed their decision.

Emma Hoyler, a spokesperson for LV=, said: "The sliding value of the pound … plus the overall economic climate, have made holidaymakers think twice about spending their hard-earned wages on a trip abroad."

Last month, jml-insurance.co.uk claimed that more people could travel abroad this spring because Easter comes much later than in previous years.

It recommended holidaymakers to think about whether they would be better suited by a single-trip or annual policy.

World First is a trading name of Rothwell & Towler (2013) Ltd. Travel insurance premiums and availability of cover may vary depending on individual circumstances. If you are a consumer or business insured you are reminded of your obligations to provide full and accurate information concerning your insurance cover. Further information can be found here. We are an Appointed Representative of Crispin Speers & Partners Ltd who are Authorised and Regulated by the Financial Conduct Authority (FCA). Register number 311507. Rothwell & Towler (2013) Ltd, Registered in England No. 08294942. Registered Office: St Clare House, 30-33 Minories, London EC3N 1PE.